New Fortress Energy steps up FLNG pace

New Fortress Energy said that after successfully producing LNG at its first FLNG unit (FLNG ), the company has closed its previously announced US$700 million loan for its second FLNG unit (FLNG 2). Now operational, FLNG 1 expects to deliver its first cargo in August and enter full production thereafter.

New Fortress Energy said it closed on a US$700 million loan on a second FLNG unit shortlin after achieving first LNG for its Fast LNG asset offshore Altamira, Mexico. (Image: New Fortress Energy)

The new loan will fully fund the construction of FLNG 2. FLNG 2 will be developed in partnership with Comisión Federal de Electricidad (CFE) utilizing its in-place terminal infrastructure onshore in Altamira, Mexico. The new liquefaction unit will incorporate the same proprietary modular technology as FLNG 1 and is expected to complete construction in the first half of 2026.

“Our FLNG complex is advancing at a rapid pace as we have now produced LNG at our first unit, and fully financed our second. These are large infrastructure projects that add considerable financial and operational value to our Company and we are thrilled with the progress to date,” said Wes Edens, Chairman and CEO of New Fortress Energy.

About New Fortress Energy Inc.

New Fortress Energy owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the